Amboy Direct $50 eSavings Account Promotion
Amboy Direct is offering a free $50 bonus for opening their eSavings account. You need to be a new customer and must have a balance of at least $3,000 for 90 days. The online checking account also has no monthly fees or minimum balance requirements. It pays 1.01% APY on balances of $300 to $2,999 and .51% APY on balances over $3,000. The maximum deposit allowed for the account is $100,000 and no interest is paid on balances below $300.
Amboy does have an ACH system but only allow you to link to one account. One more point is that they don’t allow you to initiate ACH withdrawals from other banks. On the plus side, there’s no hard credit pull when you open an account with Amboy.
Amboy Direct is FDIC insured.